NEW YORK NHK
Spring Precision of America Inc. (NSPA) has completed a
$19-million expansion of its Louisville, Ky., facility to grow
its spring wire production.
The new capacity will come online in early 2014, plant
production manager Corey Reuber told AMM.
The company, a
subsidiary of Yokohama, Japan-based NHK Spring Co. Ltd., has
built a new 57,000-square-foot facility that expands operations
of the existing 93,000-square foot plant. It also added 50
The expansion follows
significant growth in the automotive industry in Kentucky,
which employs more than 80,000 people at more than 450 motor
vehicle-related facilities, according to the Kentucky Cabinet
for Economic Development.
NSPA produces springs
for major automotive manufacturers. The Kentucky Economic
Development Finance Authority preliminarily approved $1 million
in tax incentives for the company and tax benefits of up to
$100,000 for construction, building fixtures and research and